European Parliament adopts position on EU's economic priorities for next year

On 26 October 2016, the European Parliament adopted its position on the EU budget for 2017. MEPs back the Commission's initial proposal in a resolution on EU economic priorities for 2017. The resolution confirms allocations for research, its further increase and the full compensation of the EFSI-related cuts in Horizon 2020.

“High and consistent current account surpluses hint at a need to stimulate demand and investment in order to cope with future challenges in areas such as transport, communication, the digital economy, education, innovation and research, climate change, energy, environmental protection and the ageing population”, says the resolution, drafted by Alfred Sant.

The position of the European Parliament differs from that of the Council. With this adoption the three-week conciliation procedure started officially and will run until 17 November 2016.